Lyrical Asset Management LP Has $400.03 Million Stake in Aercap Holdings N.V. $AER

Lyrical Asset Management LP lessened its stake in shares of Aercap Holdings N.V. (NYSE:AER) by 6.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,782,638 shares of the financial services provider’s stock after selling 192,996 shares during the period. Aercap accounts for approximately 5.6% of Lyrical Asset Management LP’s holdings, making the stock its 5th biggest position. Lyrical Asset Management LP’s holdings in Aercap were worth $400,032,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Ramirez Asset Management Inc. boosted its holdings in shares of Aercap by 3.1% during the 4th quarter. Ramirez Asset Management Inc. now owns 31,647 shares of the financial services provider’s stock valued at $4,550,000 after purchasing an additional 951 shares during the last quarter. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Aercap during the 4th quarter valued at about $91,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Aercap by 27.6% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 30,091 shares of the financial services provider’s stock valued at $4,326,000 after buying an additional 6,500 shares in the last quarter. Prudential PLC raised its position in shares of Aercap by 1.7% during the 4th quarter. Prudential PLC now owns 66,367 shares of the financial services provider’s stock valued at $9,541,000 after buying an additional 1,135 shares in the last quarter. Finally, Avise Financial Cooperative Inc. purchased a new stake in shares of Aercap during the 4th quarter valued at about $414,000. Institutional investors own 96.42% of the company’s stock.

Aercap Stock Performance

Aercap stock opened at $136.67 on Monday. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.24 and a quick ratio of 0.24. Aercap Holdings N.V. has a 1-year low of $105.65 and a 1-year high of $154.94. The firm has a market capitalization of $22.81 billion, a P/E ratio of 5.99, a price-to-earnings-growth ratio of 0.96 and a beta of 0.93. The company’s 50-day moving average is $140.92 and its 200 day moving average is $141.66.

Aercap (NYSE:AER) last posted its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share for the quarter. Aercap had a net margin of 45.22% and a return on equity of 16.01%. The company had revenue of $2.30 billion for the quarter. Research analysts forecast that Aercap Holdings N.V. will post 17.23 EPS for the current year.

Aercap announced that its board has authorized a share buyback program on Wednesday, April 29th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to purchase up to 4.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Aercap Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Wednesday, May 13th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, May 13th. Aercap’s dividend payout ratio is 7.01%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Morgan Stanley decreased their target price on shares of Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 30th. Barclays upped their target price on shares of Aercap from $162.00 to $164.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. upped their target price on shares of Aercap from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Zacks Research cut shares of Aercap from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Finally, TD Cowen upped their target price on shares of Aercap from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Aercap presently has an average rating of “Moderate Buy” and an average price target of $163.13.

About Aercap

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.